Selfidges has announced that its sales for the last financial year increased by 10.4 per cent and its operating profit attained the highest level in its 105-year history.
The Group stated that sales were more than £1.2bn for 2013 and that operating profit increased by 12.3 percent to £150m. All its retail channels reported year on year growth.
The business growth was due in part to the continuing international attention it received following the 2012 Olympic Games. The online part of the business continues its rapid growth, offering international delivery to over 60 countries, including China.
Paul Kelly, the managing director of Selfridges Group, stated that the business’strong performance had been driven by a combination of “continuous innovation and investment.”
The Group invested a total of £50m, including £3m in menswear at Selfridges Exchange Square in Manchester.
In addition Selfidges has launched a £300m investment programme in its flagship Oxford Street store, which was opened by Harry Gordon Selfridge in 1909.
The focus has been on providing customers with an “extraordinary experience,”whether they are shopping in store or online.
The upcoming Christmas season is a critical trading period for Selfridges, and they have an excellent product line to offer consumers and what the Group describes as an “exciting campaign” to ensure that their stores are the place customers will want to shop this year.
